Contract electronics makers Wistron Corp (緯創) and Inventec Corp (英業達) have received the green light from the Ministry of Economic Affairs to build server facilities in the US.
The Department of Investment Review on Tuesday approved Wistron’s plan to invest US$455 million through its subsidiary Wistron Infocomm (USA) Corp to buy a plant in Texas, the ministry said in a statement.
The company has said it is planning to roll out artificial intelligence (AI) servers at the factory starting in the first quarter of next year to bypass Washington’s tariffs on imports.
Photo: Fang Wei-chieh, Taipei Times
The ministry also gave a green light to Inventec, which plans to invest US$85 million to build a new server facility in Texas, the statement said.
Inventec would invest the US$85 million in its US subsidiary Inventec (USA) Corp to finance the plant’s construction, it said.
Inventec has said that the US investment is part of its global expansion, while the Texas plant is expected to cater to its US clients and reinforce business ties with them.
Also on Tuesday, smartphone brand HTC Corp (宏達電) got the go-ahead to inject US$220 million into subsidiary HTC (BVI) Corp for strategic and financial investments, while Yuanta Financial Holding Co (元大金控) obtained approval to invest about US$116 million in South Korea to expand its banking business, the ministry said.
In terms of foreign direct investment in Taiwan, the ministry has approved a plan by Mitsui OSK Lines Ltd to invest about NT$6.64 billion (US$223.43 million) in Taiwan’s offshore wind energy sector, it said.
As for China-bound investments, printed circuit board maker Unimicron Technology Corp (欣興電子) secured approval to spend US$20 million to raise the amount of capital in its subsidiary in Kunshan to expand production capacity, the ministry said.
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The US said it plans to help build a first-of-its-kind industrial hub in the Philippines to boost production of inputs crucial to US supply chains. The 4,000-acre hub is intended to be “a purpose-built platform for allied manufacturing” and “an investment acceleration hub where the specific industrial activities are shaped by market demand,” the US Department of State said on Thursday. The project — touted as an “economic security zone” — would be within the Luzon Economic Corridor, a flagship economic project backed by the US and Japan on the main Philippine island. The project was also described as “the first artificial intelligence
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